XPPT.L vs. GLDW.L

Last updated Jun 5, 2026

XPPT.L (Xtrackers IE Physical Platinum ETC Securities) and GLDW.L (WisdomTree Core Physical Gold) are both Precious Metals funds - XPPT.L tracks the Platinum while GLDW.L tracks the Gold. Both are passively managed. Over the past 5 years, XPPT.L returned 9.70%/yr vs 18.61%/yr for GLDW.L. At a 0.50 correlation, their price movements are largely independent. XPPT.L charges 0.38%/yr vs 0.12%/yr for GLDW.L.

Performance

XPPT.L vs. GLDW.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers IE Physical Platinum ETC Securities (XPPT.L) and WisdomTree Core Physical Gold (GLDW.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XPPT.L is traded in USD, while GLDW.L is traded in GBp. To make them comparable, the GLDW.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XPPT.L achieves a -5.42% return, which is significantly lower than GLDW.L's 3.71% return.

XPPT.L

• 1D: 0.27%
• 1M: -4.24%
• YTD: -5.42%
• 6M: 14.44%
• 1Y: 72.34%
• 3Y*: 21.72%
• 5Y*: 9.70%
• 10Y*: —

GLDW.L

• 1D: 0.68%
• 1M: -2.18%
• YTD: 3.71%
• 6M: 6.15%
• 1Y: 32.41%
• 3Y*: 31.46%
• 5Y*: 18.61%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XPPT.L vs. GLDW.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
XPPT.L Xtrackers IE Physical Platinum ETC Securities	-5.42%	118.57%	-9.77%	-5.84%	9.77%	-20.33%
GLDW.L WisdomTree Core Physical Gold	3.71%	65.15%	26.05%	12.92%	-0.13%	6.27%

Correlation

The correlation between XPPT.L and GLDW.L is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (5Y) Calculated over the trailing 5-year period	0.50
Correlation (All Time) Calculated using the full available price history since Mar 16, 2021	0.50

The correlation between XPPT.L and GLDW.L shifts across timeframes, from 0.50 (all time) to 0.63 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

XPPT.L vs. GLDW.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XPPT.L

XPPT.L Risk / Return Rank: 39
XPPT.L Sharpe Ratio Rank: 43
XPPT.L Sortino Ratio Rank: 37
XPPT.L Omega Ratio Rank: 42
XPPT.L Calmar Ratio Rank: 42
XPPT.L Martin Ratio Rank: 30

GLDW.L

GLDW.L Risk / Return Rank: 40
GLDW.L Sharpe Ratio Rank: 42
GLDW.L Sortino Ratio Rank: 37
GLDW.L Omega Ratio Rank: 47
GLDW.L Calmar Ratio Rank: 39
GLDW.L Martin Ratio Rank: 34

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XPPT.L vs. GLDW.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers IE Physical Platinum ETC Securities (XPPT.L) and WisdomTree Core Physical Gold (GLDW.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	XPPT.L	GLDW.L	Difference
Sharpe ratio: Return per unit of total volatility	1.48	1.34	+0.14
Sortino ratio: Return per unit of downside risk	1.90	1.79	+0.11
Omega ratio: Gain probability vs. loss probability	1.27	1.25	+0.01
Calmar ratio: Return relative to maximum drawdown	2.05	1.82	+0.23
Martin ratio: Return relative to average drawdown	4.26	4.75	-0.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XPPT.L vs. GLDW.L - Sharpe Ratio Comparison

The current XPPT.L Sharpe Ratio is 1.48, which is comparable to the GLDW.L Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of XPPT.L and GLDW.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XPPT.L	GLDW.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.48	1.34	+0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	1.07	-0.77
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	1.16	-0.71

Drawdowns

XPPT.L vs. GLDW.L - Drawdown Comparison

The maximum XPPT.L drawdown since its inception was -36.92%, which is greater than GLDW.L's maximum drawdown of -21.42%. Use the drawdown chart below to compare losses from any high point for XPPT.L and GLDW.L.

Drawdown Indicators

	XPPT.L	GLDW.L	Difference
Max Drawdown Largest peak-to-trough decline	-36.92%	-21.42%	-15.50%
Max Drawdown (1Y) Largest decline over 1 year	-35.12%	-17.74%	-17.38%
Max Drawdown (3Y) Largest decline over 3 years	-35.12%	-17.74%	-17.38%
Max Drawdown (5Y) Largest decline over 5 years	-35.12%	-21.42%	-13.70%
Current Drawdown Current decline from peak	-33.35%	-15.82%	-17.53%
Average Drawdown Average peak-to-trough decline	-20.04%	-5.39%	-14.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.94%	6.81%	+10.13%

Volatility

XPPT.L vs. GLDW.L - Volatility Comparison

Xtrackers IE Physical Platinum ETC Securities (XPPT.L) has a higher volatility of 11.59% compared to WisdomTree Core Physical Gold (GLDW.L) at 5.73%. This indicates that XPPT.L's price experiences larger fluctuations and is considered to be riskier than GLDW.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XPPT.L	GLDW.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.59%	5.73%	+5.86%
Volatility (6M) Calculated over the trailing 6-month period	43.18%	20.82%	+22.36%
Volatility (1Y) Calculated over the trailing 1-year period	48.62%	24.07%	+24.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.46%	17.35%	+15.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.85%	17.18%	+15.67%

XPPT.L vs. GLDW.L - Expense Ratio Comparison

XPPT.L has a 0.38% expense ratio, which is higher than GLDW.L's 0.12% expense ratio.

Dividends

XPPT.L vs. GLDW.L - Dividend Comparison

Neither XPPT.L nor GLDW.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XPPT.L and GLDW.L in my portfolio?

XPPT.L and GLDW.L have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XPPT.L or GLDW.L?

On fees, GLDW.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XPPT.L or GLDW.L?

GLDW.L is cheaper with a 0.12% expense ratio, compared with 0.38% for XPPT.L.

What is the main difference between XPPT.L and GLDW.L?

XPPT.L tracks Platinum, while GLDW.L tracks Gold. They also come from different issuers: Xtrackers and WisdomTree. Their fees differ too: 0.38% for XPPT.L and 0.12% for GLDW.L.